Articles from www.ft.com

Articles from www.ft.com

Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (www.ft.com)
2025-2-24 IPO

A look at Apple's quiet pivot to India, where Foxconn now makes the iPhone 16 Pro; sources say China views Apple's growing business in India with suspicion (www.ft.com)
2025-2-18 China India iPhone Apple

Surj, the sporting arm of Saudi Arabia's PIF, plans to invest $1B in DAZN and a new joint venture with the sports streamer; source: Surj will take a <5% stake (www.ft.com)
2025-2-18 Arabia Saudi Arabia

How Walmart's investment in tech, including an AI tool to plan worker shifts, helped it take on Amazon, with 18% of its ~$680B revenue in 2024 generated online (www.ft.com)
2025-2-16 Amazon AI Walmart

Thoma Bravo stands to gain $4B+ from SailPoint's IPO, which is expected to value the company at $12B+; Thoma Bravo acquired SailPoint for $6.9B in April 2022 (www.ft.com)
2025-2-13 IPO

A look at the race to bring satellite-connected smartphones to a wider market, as estimates suggest that ~350M people lack access to mobile broadband coverage (www.ft.com)
2025-2-10 Mobile

Macron announces that companies have agreed to invest €109B in AI projects in France in the coming years, saying it's France's equivalent to Stargate for the US (www.ft.com)
2025-2-10 France AI

UK orders Apple to give it access to encrypted cloud data (www.ft.com)
2025-2-10 Cloud Apple

Investors worry about EU satellite operators Eutelsat and SES amid soaring debt and rise of Starlink, which now has 6,000+ satellites and serves ~130 countries (www.ft.com)
2025-2-8

Sources: China is looking at launching a formal probe into Intel; a source says whether such a probe is officially launched could depend on US-China relations (www.ft.com)
2025-2-8 China Intel

Netflix hopes its expansion into live programming boosts its nascent ad business; Bernstein estimates its two NFL games generated up to $180M in US advertising (www.ft.com)
2025-2-5 Netflix programming

Investor letter: Elliott Management warns the White House's embrace of crypto is helping fuel a speculative mania that could cause “havoc” when prices collapse (www.ft.com)
2025-1-31

Mistral AI, seen as Europe's great hope for AI, is losing ground to US rivals and being overshadowed by DeepSeek; sources say its ARR is in the tens of millions (www.ft.com)
2025-1-30 Europe AI

OpenAI says it had seen some evidence that DeepSeek used “distillation” to train its open-source competitor by using outputs from OpenAI's proprietary models (www.ft.com)
2025-1-29

US tech stocks fell sharply pre-market over DeepSeek concerns, with NVDA down 8%+ and META and MSFT down 3%; ASML fell 9%+; Japanese chip companies also dropped (www.ft.com)
2025-1-27 Japan

UK CMA Chair Marcus Bokkerink plans to leave the antitrust agency, after pressure from UK ministers; the CMA appoints ex-Amazon exec Doug Gurr as interim chair (www.ft.com)
2025-1-22 Amazon

The UK PM debuts plans to increase its public sector compute by over 20x to spark a “national renewal”, saying the UK doesn't need to walk a US or EU path on AI (www.ft.com)
2025-1-13 AI

On Monday the UK will announce a five-year investment in government-owned AI computing capacity; a UK-commissioned report suggests building a ~100K GPU cluster (www.ft.com)
2025-1-13 AI

CFTC chair Rostin Behnam will resign on January 20; on his watch the CFTC deepened scrutiny of crypto and event contracts, like those allowing bets on elections (www.ft.com)
2025-1-8 CFTC

PitchBook: global edtech VC funding reached just $3B in 2024, the lowest amount since $2.3B in 2014, and down from $17.3B at the peak of the pandemic in 2021 (www.ft.com)
2024-12-24

NERC, overseen by FERC, warns soaring electricity demand from sources including data centers to power AI could strain US and Canadian grids, risking blackouts (www.ft.com)
2024-12-18 AI Canada

Workers are adopting generative AI faster than companies can issue guidelines on how to do so; a survey says ~25% the US workforce already uses the tech weekly (www.ft.com)
2024-12-16 AI

People close to Musk say it makes no sense for him to target OpenAI with onerous regulation as co-chair of DOGE, as his remit is to find ways to cut regulation (www.ft.com)
2024-12-16

GroupM: global ad industry revenue will hit $1T for the first time in 2024; Google, Meta, ByteDance, Amazon, and Alibaba are expected to earn 50%+ of the total (www.ft.com)
2024-12-9 Google Amazon Alibaba

xAI plans to expand its Colossus supercomputer tenfold to incorporate 1M+ GPUs; work has already begun to increase the size of its Memphis, Tennessee facility (www.ft.com)
2024-12-5

OpenAI CFO Sarah Friar says OpenAI is weighing an ads model, but plans to be “thoughtful”; sources and LinkedIn analysis: OpenAI hired Meta and Google ad talent (www.ft.com)
2024-12-3 Google LinkedIn

Microsoft President Brad Smith calls on Donald Trump to “push harder” against cyberattacks from Russia, China, and Iran amid a wave of state-sponsored hacks (www.ft.com)
2024-11-22 Trump Russia China Microsoft Iran

AI pioneer Yoshua Bengio says models like OpenAI's o1 could accelerate research on AI itself and calls for more urgent AI regulation to protect the public (www.ft.com)
2024-11-20 AI

Sources: Trump Media is nearing an all-share purchase of Intercontinental Exchange's crypto trading platform Bakkt; DJT closed up 16.65%, BKKT up 162.46% (www.ft.com)
2024-11-19 Trump

Sources: Elon Musk's US government advisory role will let him push for his acolytes and allies to fill roles that cut regulation and protect his companies (www.ft.com)
2024-11-14 Elon Musk

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